Marginal Credit Applications
Q: How much do they cost your company in lost sales each year?
Every week you receive credit applications from prospective new customers wanting an open-credit relationship. Sure, you already have a policy outlining who gets credit, and how much they get, but what about the “Borderline” accounts that don’t quite measure up? Some of them might represent a decent sales opportunity for your company.
Sure, conservative credit policies help you “play it safe” against bad debt losses…but at what cost to your sales revenue and profits? Aren’t you tired of the strife between your sales and credit departments? If you want to drive your sales higher without increased risk, try…
CRG Guaranteed Credit Approvals
We are so confident in our revolutionary credit evaluation process
WE GUARANTEE OUR RECOMMENDATIONS*
Here’s how it works
Step One – Verify Company Legitimacy
1. Year of incorporation
2. Corporate status with licensing state
3. Name of officers and registered agents
4. Fictitious trade names or d/b/a names
Step Two – Verify Trade Information
1. CRG reviews customer credit application
2. CRG contacts and solicits information from Banking References
3. CRG contacts and solicits information from Trade References
4. CRG contacts and solicits information from Landlord
Step Three – Risk Assessment
1. Business credit report from infoUSA
2. Business credit report form Experian
3. UUC-1 filings (secured creditors) search and review
4. Public records search for pending litigation
5. Public records search for outstanding financial court judgments
6. Public records search for local, state, federal tax liens
Step Four- You receive credit guidelines
1. CRG gives you a credit recommendation
2. You receive suggested credit limit and terms
3. You receive a post-sales event timeline
4. You get CRG’s payment guarantee in writing!
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